NEW YORK, March 14, 2014 /PRNewswire/ -- Crumbs Bake
Shop, Inc. (NASDQ: CRMB), the New
York based cupcake specialty retailer, today announced that
its Board of Directors has appointed Frederick G. Kraegel as Chairman of the Board of
Directors. The Company also announced that Edward M. Slezak has been appointed as permanent
Chief Executive Officer and Ronda S.
Kase has been named Secretary. Mr. Slezak has been
leading the Company as interim Chief Executive Officer in addition
to his duties as General Counsel and Ms. Kase has been serving as
Assistant Secretary in addition to her duties as Corporate
Compliance Officer. Mr. Slezak is also a member of the
Company's Board of Directors. In addition, the Company today
announced that it will release fourth quarter 2013 financial
results on Wednesday, March 19, 2014
after the market close. A conference call will follow at
5:00 PM ET and will be webcast live
from the investor/events & presentations portion of the
Company's website at crumbs.com. Hosting the call will be Mr.
Slezak and Chuck Ireland, SVP of
Finance & Treasurer and Chief Financial Officer. The conference
call can be accessed live over the phone by dialing 877-407-4018 or
for international callers by dialing 201-689-8471. A replay will be
available one hour after the call and can be accessed by dialing
877-870-5176 or 858-384-5517 for international callers; the
password is 13578545. The replay will be available until
April 2, 2014.
"The Crumbs' Board of Directors has great confidence that under
the guidance of Mr. Kraegel and with Mr. Slezak's leadership, the
Company is well positioned for the future," said Len Potter, Chairman of the Nominating and
Governance Committee.
Mr. Kraegel has been a member of the Board of Directors since
May 2010 and was previously appointed
as Chairman of both the Audit and Compensation Committees. He has
extensive experience as an independent consultant evaluating
businesses and in working with companies with complex financial
issues. Earlier in his career, Mr. Kraegel was a partner at
Peat, Marwick Mitchell & Co.
(now KPMG LLP). Mr. Kraegel graduated from Valparaiso University and is a Certified Public
Accountant. Mr. Kraegel also serves on the boards of Thrivent
Financial for Lutherans, Valparaiso
University and Concordia Plan Services, Inc. and several
other nonprofit organizations.
Mr. Slezak joined the Company in August
2013. Prior to assuming the role of Interim Chief
Executive Officer on January 1, 2014,
Mr. Slezak served as the Company's chief legal officer and
Secretary. Prior to joining the Company, Mr. Slezak served as
Senior Vice President, General Counsel and Secretary of
Aeropostale, Inc., a mall-based specialty retailer, where he was
responsible for all aspects of that company's legal and compliance
functions, including public company securities matters and
compliance, general corporate representation, intellectual property
protection, litigation management and international licensing, as
well as product and social compliance. Mr. Slezak joined
Aeropostale, Inc. and established its in-house legal department,
serving first as Vice President from November 2004 to March
2005, then as Group Vice President from March 2005 to April
2006, when he was named Senior Vice President. Prior
to his arrival at Aeropostale, Mr. Slezak had served as Vice
President, General Counsel and Secretary of Acclaim Entertainment,
Inc., a video game developer and publisher, where he also founded
that company's in-house legal department. Prior to his move
in-house, Mr. Slezak was a Senior Associate in the corporate
department at the law firm of Cadwalader, Wickersham & Taft,
LLP, concentrating in mergers and acquisitions.
Ms. Kase has served as Corporate Compliance Officer of the
Company and Crumbs Holdings LLC since May
2011. She has also served as the Assistant Secretary
for the Company and Crumbs Holdings LLC. Prior to joining the
Company, Ms. Kase worked as a consultant with a leading private
mergers and acquisitions firm, helping to facilitate the sale of
companies in a variety of industries. From 1993 to 2007, Ms.
Kase was lead corporate paralegal at the Nashville law firms of Sherrard & Roe, PLC
and Adams and Reese LLP (formerly,
Stokes Bartholomew Evans &
Petree, P.A.) working with senior partners in the corporate,
securities and tax group. Ms. Kase has extensive experience with
public companies and in-depth knowledge of corporate governance and
compliance issues.
About Crumbs Bake Shop, Inc.
The first Crumbs Bake Shop opened in March 2003 on the Upper West Side of Manhattan and is well known for its innovative
and oversized gourmet cupcakes. The Company currently has 65
locations in 12 states and the District
of Columbia.
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SOURCE Crumbs Bake Shop, Inc.
